Michael Ausiello
October 13, 2010 AT 05:52 PM EDT

Image Credit: Marcia Campbell Photography/FilmMagic.comIn what is sure to be one of the hottest properties of the rapidly approaching pilot season, former Lost executive producers Edward Kitsis and Adam Horowitz are developing a fairy-tale-themed drama series. Oh, and they’re getting a little help from—stop me if you’ve heard of this guy—Damon Freakin’ Lindelof!

Here’s what I know right this second…

Kitsis and Horowitz are getting ready to pitch the project to ABC Studios, where the two currently have an overall deal. If it gets a green light, Lindelof—who also has a deal at ABC—will serve as a consultant.

So what is this thing? Good question. The only additional intel I’ve been able to glean from my sources is that it will have a female lead. (Paging Sarah Michelle Gellar… )

Based on the pedigree alone, I’m going to declare it the breakout hit of the 2011-12 TV season.

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